M&T Bank Names Lopa Kolluri as Head of Affordable Housing Lending
M&T Bank (NYSE: MTB) has appointed Lopa Kolluri as Head of Affordable Housing Lending, a new role within its Commercial Bank.
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Rhea-AI Summary
M&T Bank (NYSE: MTB) has appointed Lopa Kolluri as Head of Affordable Housing Lending, a new role within its Commercial Bank. Kolluri will oversee the development and management of the Affordable Housing vertical, executing business strategy and establishing operational processes. She aims to strengthen existing relationships and establish new regional and national customers.
Kolluri brings over 25 years of experience in affordable housing and community development. Previously, she served as Senior Vice President in M&T's Commercial Real Estate Innovation Office and held a leadership position at the U.S. Department of Housing and Urban Development, overseeing $1.2 trillion in insured mortgages.
This appointment reinforces M&T Bank's commitment to expanding its affordable housing initiatives and providing comprehensive financing solutions to meet client needs and create community impact.
Positive
- Appointment of experienced leader Lopa Kolluri as Head of Affordable Housing Lending
- Expansion of M&T Bank's affordable housing initiatives
- Potential for new business opportunities through strengthened relationships and new customers
Negative
- None.
Details
News Market Reaction – MTB
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Updates to M&T's Affordable Housing Platform Reinforce Bank's Commitment to its Clients and Communities
"It is an exciting time at M&T Bank as we continue to expand our work in the affordable housing space, leveraging Lopa's deep expertise in the public and private sectors," said Timothy Gallagher, M&T Bank's Head of Commercial Real Estate. "This is a substantial opportunity to build upon our already strong capabilities and it further complements M&T's forward-thinking approach to supporting clients."
"I'm looking forward to building out our affordable housing vertical," said Kolluri. "At M&T Bank, we recognize the need for affordable housing across our footprint. As a trusted advisor, we provide the full range of affordable housing financing solutions to meet the evolving needs of our clients and create meaningful impact in our communities."
Previously, Kolluri was Senior Vice President within M&T's Commercial Real Estate (CRE) Innovation Office, where she led strategy for the bank's CRE transformation initiatives. Kolluri brings over 25 years of experience in affordable housing and community and economic development and has extensive knowledge and experience in executive-level management of housing finance policy, operations, and transactions.
Before joining M&T, Kolluri was with the
Kolluri's work will also closely engage with divisions of M&T's Community Bank and M&T Realty Capital Corporation's Affordable Housing Platform. She will report directly to Tim Gallagher and will be based in
For more information on M&T Bank, please visit www.mtb.com.
About M&T
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SOURCE M&T Bank Corporation
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